Japanese
stocks slipped, paring the Topix index’s second straight monthly gain,
as insurers, shippers and energy explorers led declines.
The
Topix index fell 0.6 percent to 1,585 at the trading break in Tokyo,
with about nine shares declining for every eight that rose. The measure
is on course for a 1.7 percent advance in November following its biggest
increase in 2 1/2 years in October. The Nikkei 225 Stock Average
slipped 0.4 percent to 19,807.43.
Data
on Monday showed Japan’s industrial production rose 1.4 percent in
October from a month earlier, missing economists forecasts for a 1.8
percent gain.
Parcel
delivery company Yamato Holdings Co. tumbled 3.9 percent to lead
declines on the Nikkei 225. Daito Trust Construction Co. gained 0.8
percent after Daiwa Securities Group Inc. raised its investment rating
on the real-estate company. Exporters including Toyota Motor Corp. and
Honda Motor Co. gained after yen strengthened against the dollar on
Friday.
Source: Bloomberg
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